Nordic American Tankers Ltd (NYSE: NAT) - An update on the employment of our Suezmax vessels

April 6, 2022

Market information:

We have informed you earlier that political uncertainty normally creates strong markets for our vessels.

There is now a solid momentum in the market.

We are currently securing spot contracts for a month or longer at rates above USD 50,000 a day.

Our operating costs are about USD 8,000 per day per ship.

NAT has a large part of the fleet operating in the spot market.

Nordic American Tankers Ltd, press release